Everything you need to know about indirect rates for nonprofits is in this 4 hour course. We go through every important aspect about indirect rates and allocations under the Uniform Guidance (UG). Specifically, we discuss the changes and new options that the UG has on indirects. Included is a practical exercise to build an indirect rate. We finish the session with the new 55 cost principles as to what is allowable or unallowable. The OMB Update revising the UG occurred on August 13, 2020 to go into effect on November 12, 2020.
The indirect rate toolkit provides everything you will need in understanding and preparing nonprofit rates. You will learn about the new 10% de minimus indirect rate, direct cost allocations, definitions of direct and indirect cost, as well as extending negotiated indirect rates. We cover all of the significant cost principles, new principles, changes within the cost principles, categorizing them by the most important and commonly used in “every day” grant accounting. Together we prepare an indirect cost rate proposal for a real nonprofit. We will discuss transition issues between direct charging occupancy and the impact if the organization decides to establish a negotiated indirect rate.
Public accountants auditing under Single Audits; consultants, grant or sub-award recipients as nonprofits, hospitals, institutes of higher education, Federal, state, local and tribal units of government, and commercial entities that have awards; grants administrators, legal, accounting and finance personnel
Impact of the UG on indirect rates and allocations for preparing a nonprofit indirect cost rate proposal. List where the agency indirect rate templates are location. Demonstrate how to build an indirect cost rate proposal. Ascertain an understanding of the 55 cost principles.
As a senior manager, Mr. Paul H. Calabrese provides accounting and consulting services to nonprofit and government contracting clients of the public accounting firm Rubino & Company for the past 30 + years. His area of expertise includes the Uniform Guidance for Federal grants compliance and management with respect to policies and procedures for grants manuals, sub-recipient financial monitoring, training, and the development of over (100) negotiated indirect cost rates from indirect cost rate proposals.
On the Federal procurement side, Mr. Calabrese was an auditor for the Defense Contract Audit Agency and was also employed by 3 government contractors to the position of controller.. Mr. Calabrese has considerable experience with the Cost Accounting Standards (CAS) and CAS disclosure statements, Federal Acquisition Regulation Cost Principles (FAR), Department of Defense FAR Supplement.
Non-Member Price $159.00
Member Price $129.00